51, THE DRIVE, CARNFORTH, LA5 9JG - £110,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

51 THE DRIVE is a very small semi-detached house of 42m², built sometime between 1983 and 1990, which could now be worth an estimated £148,944. It was last sold for £110,000 in June 2019, which was around 31% below the average June 2019 semi-detached price in the Lancaster local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

51 THE DRIVE Sold Prices

Land registry data shows four sales for 51 THE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Lancaster local authority area for the corresponding sale date. All of the four 51 THE DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 21 JUN	£110,000	£158,804	31% below HPI
2006 7 JUL	£115,000	£136,501	16% below HPI
2003 3 JAN	£65,000	£80,193	19% below HPI
2001 11 JUL	£51,500	£57,708	11% below HPI

51 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lancaster local authority area over time, sourced from the HPI. The four 51 THE DRIVE sales between July 2001 and June 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2019 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 51 THE DRIVE be worth now?

51 THE DRIVE might now be worth an estimated £148,944.

This is based on house price inflation of 35.4%, between June 2019 and April 2026, for semi-detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.4% inflationary increase is applied to the most recent sale price for 51 THE DRIVE of £110,000 on 21st June 2019. For the value to have increased from £110,000 to £148,944 over the seven years and two months to April 2026, the following assumptions must hold true:

• The value of 51 THE DRIVE has moved in line with the HPI for semi-detached houses in the Lancaster local authority area.
• The June 2019 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 51 THE DRIVE has not materially changed since June 2019.

How Large is 51 THE DRIVE?

51 THE DRIVE is 42m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of semi-detached houses houses in Carnforth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Carnforth, and where 51 THE DRIVE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 51 THE DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Carnforth.

51 THE DRIVE: Plot and Title Map

51 THE DRIVE sits on a plot of roughly 0.042 of an acre, or 171m². The below map shows the location of 51 THE DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 51 THE DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 51 THE DRIVE?

51 THE DRIVE is located in CARNFORTH, in the LA5 postcode district. The below map shows the position of No. 51 on THE DRIVE.